Japan’s Mizuho taps Malaysia’s Sukuk market

Banks from Japan to Bahrain plan to set up offices in Malaysia to take advantage of the growth in Islamic finance assets in the world’s biggest sukuk market.
Mizuho Financial Group Inc, based in Tokyo, applied for a license to offer foreign-currency shariah-compliant services in the country, Keizo Ohashi, chairman of Japan’s third-largest lender, said on September 5. Bahrain’s Elaf Bank BSC was granted a similar license in June, while Asia’s first multinational Islamic bank will be set up in the nation this quarter, according to Bank Negara Malaysia……………………………………….Full Article: Source